EconomicsThe Little Book of Big Ideas: Economics contains the profiles and theories of 50 of the world's most eminent economists. From mercantilists through Keynesians to modern economic thought, this book gets behind 50 of the greatest minds and 10 core theories. Covering Hume, Smith and Marx, succinct biographies provide an insight into economists' personalities and reveal the outstanding contribution that each has made to this pervasive discipline. Essential concepts and themes have been expertly selected and complex issues are explained in their social, political and cultural context. |
From inside the book
Results 1-3 of 18
Page 50
... consumption is allocated in such a way as to address the most important needs first , and the least important afterwards . As needs are satisfied , the value diminishes with each additional unit consumed , and the amount of utility ...
... consumption is allocated in such a way as to address the most important needs first , and the least important afterwards . As needs are satisfied , the value diminishes with each additional unit consumed , and the amount of utility ...
Page 73
... consumption and investment by consumers and investors who feel richer due to the increased value of their holdings , setting off a process that pushes output and employment toward full employment . In the indirect real balance effect ...
... consumption and investment by consumers and investors who feel richer due to the increased value of their holdings , setting off a process that pushes output and employment toward full employment . In the indirect real balance effect ...
Page 94
... consumption . The early Neoclassical authors shifted the focus of economics away from production , which had been of prime concern for the classical authors , and towards consumption . Consumer behaviour was described by the theory of ...
... consumption . The early Neoclassical authors shifted the focus of economics away from production , which had been of prime concern for the classical authors , and towards consumption . Consumer behaviour was described by the theory of ...
Contents
Introduction by Professor James Rollo | 6 |
Ibn Khaldun 12 Thomas Mun | 14 |
John Locke 16 ECONOMICS AND | 20 |
Copyright | |
12 other sections not shown
Other editions - View all
Common terms and phrases
accumulation Adam Smith aggregate demand agriculture anarchism argued Austrian Austrian School banking became behaviour Born business cycle Cantillon capital capitalist chartalist Classical Political Economy commodity consumers consumption contributions currency debt deficit determined Died distribution economic activity economic analysis economic growth economic theory economists effect emphasised England Importance exchange factors firms fiscal framework full employment gender government intervention Greenspan Hayek historical human Human Development Index ideas imperfect income individual industrial inequality inflation innovation institutions interest rates investment Jevons Keynes Keynesian Khaldun Kuznets labour Leontief macroeconomics Malthus marginal utility Marx Mercantilist monetary policy money supply Neoclassical economics Nobel Prize output and employment partial equilibrium perfect competition Physiocrats population growth production profit recognised result Ricardo Say's Law School of Economics Schumpeter sector social costs society spending Sraffa Stagflation Stiglitz subsistence surplus technological trade USA Importance Veblen wage Walras wealth welfare economics workers